career in real estate malta

How Do You Start Your Career In Real Estate In Malta?

Working in real estate is an exciting opportunity for individuals throughout Malta. If youve been wondering how you can kick start your career in the industry, keep reading to discover how to start your journey in real estate with Belair Property.

Real Estate Training and Educational Requirements

The first thing to consider if you are looking to enter the real estate industry in Malta is your educational background. Our team will support you throughout the process, but youll need to ensure you have the right qualifications to apply for the job. The basic qualifications we look for when hiring a real estate agent include good spoken communication in English and Maltese. No prior experience is required except the will and drive to succeed. At Belair, our team will also guide you throughout the process of acquiring your very own real estate license. Read more on Maltese real estate licenses by clicking here.

It is advantageous to be confident with IT so that you can get to grips with the tools we use on a daily basis. Youll find that having excellent self-discipline and time management skills is useful, as youll be responsible for scheduling your day. At the same time, this offers the flexibility that will allow you to stay committed to your personal life as well as hobbies. No two days will be the same when working with our team, but thats all part of the life of being a real estate agent.

Find a Mentor

We highly recommend that anyone looking for a career change finds a mentor within the industry. Work on pairing up with the right real estate company that has similar values as yourself. Our team often pairs new recruits with existing, experienced ones, who will help to guide you through your initial months with Belair. Youll find that on challenging days, your mentor will help to encourage you and offer you the advice and support you need to thrive in your career in real estate. Theres so much more to real estate than just sales, and youll find that at Belair, we help you build good client relationships and understand the expectations of our clients in Malta before, during and after the sale, which are all very important stages for our clients.

Familiarise Yourself With Listings in Malta

Even if you are currently working in sales and feel you are confident with the job role, we recommend that you take some time to look at current properties for sale and rent in Malta. 

Youll need to ensure you are confident enough with the differences between the various properties and areas of the island, as this is a key part of the job. Of course, our team will offer you the support and technology thats needed, which will help you to get to grips with these listings much quicker. Generating leads is a huge part of the real estate agents role, but we have the software and techniques to make this easier than you might imagine. The more networking you can do before and during your time as a real estate agent, the more likely youll thrive in this industry.

Are you looking to start your career in real estate in Malta this year? If so, contact our team today using this form to learn more about how we can help you through the journey of starting your real estate career with Belair today!

Blog Belair

Moving to the North of Malta

Covid-19 has been a pain in the backside, we can all agree on that. However do you know that in Malta, thanks to the pandemic, people seem to be moving to the North of Malta much more.

The outdoor opportunities that the Properties in that area offer, added with the price per square meter and the total area itself, people and younger people specifically seem to be turning their investments there.  

After a slow start to the first half of 2020, the housing market in the North seems to be gaining momentum. The last three months, compared to the first 6 months of this year, the property market in the north has seen an increase in Sales and our expectations are that it will keep increasing, especially because of the Government’s new budget incentives for properties that are in UCA areas. This also applies for properties that have been built for over 20 years and are vacant for more than 7 years and those new properties that are built in a style typical of traditional Maltese architecture. 

Town`s in Malta`s north have always been associated with the greener and bluer facets of local life. The North brings variety to the Maltese Real Estate market like country houses in Mgarr, Bahrija, Landrijiet, properties with unspoilt country views in Manikata, coastal villas in Mellieha and the seafront Apartments in Qawra.

The Northern part of Malta is home to properties for all sorts of buyers. We have affordable properties that suit first time buyers as well as high end villas/bungalows for those after a luxurious base on the island. The need and desirability of the estate market in the North continues to rise. 

Property prices in the north of Malta are still very affordable. The quality of living up north is a very attractive option . One finds properties of good value with outside space which are now very much sought after since the Pandemic. The North`s rural character has also served as a pull factor. 

When it comes to the Gozitan property market, it is healthy and has increased steadily over the past four decades, making it a good and smart investment. Gozo gets a lot of requests because people understand that it offers beautiful unspoiled surroundings, the best of Malta without the bustle, a fantastic lifestyle, and the property prices have remained comparatively cheaper than in Malta.

Our request rate is very high mainly because Gozo has prices that are extremely reasonable which the majority of people can afford. Since you get good value for your money, Gozo is a great place to purchase a property, with many benefits for the buyers and their families. 

Our agents specialize in all types of properties in the North of the island. They know this area very well as they live and breathe it. Belair Property in Mellieha has got one of the biggest property data bases the Northern has to offer on the island. With this property data comes a responsibility to do our utmost to provide our clients our personal expert advice which is something synonymous with the Belair brand.

Like our saying goes : We retain the best people, and we don’t strive to be the biggest, just the best. 


Belair Property Mellieha is currently hiring. If you are looking for a great lifestyle that offers you liberty and as much money as you can earn depending on the time and focused effort that you put in; then our team up North is for you.

The Northern regions of Malta offers you the space that helps free your mind from the everyday hustle and bustle. With our team in Mellieha you will not only have to deal with driving around clients where parking is hassle free, but you will receive the support and experience of our local team setup in a fantastic and spacious office. 

You will also get the backing, expertise, reputation and large Property portfolio that the whole company has to offer. 

Apply today!

 

Blog Belair

Property Related Budget Measures 2022

What’s New? The Malta budget 2022 for the local property market

 

Tax incentive for ‘Older’ type properties and property in Urban Conservation Areas

Malta Budget 2022 has introduced an interesting tax benefit for those looking to purchase property in Urban Conservation areas (UCA) and older type properties.  This incentive seeks to encourage people to embrace older buildings and restore and renew.

People who purchase property built more than 20 years ago and which have also been vacant for seven years, as well as, properties in Urban Conservation Areas (UCA) will be entitled to tax waivers both in the form of stamp duties for the buyer and sales tax for the sellers.  The same applies for new properties built in ‘typical Maltese Style’.

The scheme will be capped up to the first €750,000 of the value of the properties. Up to this figure no duties or capital gains tax will be charged and this measure will also apply for properties which are still under promise of sale agreements.

In addition, First-time buyers of such properties will also receive a grant of €15,000 which increases to €30,000 for Gozitan couples who wish to buy such properties in Gozo, thereby encouraging young people to continue to live in Gozo but more importantly to maintain its heritage.

These measures are effective as from 12 October 2021, for a period of 3 years.

VAT refund on renovation works

Malta budget 2022 will also seek to introduce a VAT refund up to €54,000 on the first €300,000 spent on renovation works for specific types of properties and those in Urban conservation areas.  Details of this scheme have still to be issued however, this measure is set to improve the overall environment in Village Cores.

In an attempt to avoid property speculation, such properties cannot be divided (as is the case when they are split up into a number of apartments) if they are to benefit from such schemes.

COVID – Economic stimulus package 

The reduction of the rate of stamp duty to 1.5% on the first €400,000 of the transfer value, and the reduction of income tax on capital gains to 5% on the first €400,000 of the transfer value will not be renewed and therefore all Promise of Sale Agreements (POS) will need to be signed by the 31st December 2021 to avail oneself of these reductions. Final deeds will need to be signed by June 2022.

Sale of rented property to existing tenants

Tax and stamp duty on transfers and acquisitions of property that was previously being rented to tenants eligible for any schemes administered by the Housing Authority shall be reduced by half on the first €200,000 of the value of the property. No tax and stamp duty shall be levied in the case of a transfer of the said property to the previous tenants.

Equity Share scheme extended

The ‘Equity Sharing Plus’ scheme shall be extended to persons over 30 years old and shall provide security for up to 50% of the value of the property.

The Equity Sharing Scheme previously applied to persons over the age of 40, who intend to buy their residence by purchasing at least fifty per cent of the property whilst the rest will have to be purchased by them at later stage. On the other side, the Housing Authority will purchase itself the remaining portion not purchased by the applicants which should not be more than fifty percent of the property. After 20 years, the applicants will be obliged to purchase the Housing Authority’s share by paying the same price paid by the Housing Authority.

 

Malta, blog December

Property Tax Incentives 2021

 

The first €400,000 of a property’s value will continue to be subject to a lower rate of property tax until the end of the year, with the government having extended a measure first introduced last year. 

The government would be extending it to promises of sale finalised by the end of December and with sale contracts due until June 2022. 

The request to extend the incentive came from the Malta Developers Association, with Abela announcing it during a meeting he held with the developers’ lobby group. 

First announced in June 2020, the measure allows property sellers to pay a reduced 5 per cent rate of property tax and buyers to pay a 1.5 per cent rate in stamp duty. The incentive was originally due to lapse at the end of July. 

In the meeting, Abela said that he believed the development and environmental sectors could coexist in harmony and “complement one another”. 

“Our economic vision foresees this sort of balance between the environment and development. What we achieved in energy, we must now achieve in construction.” 

Finance Minister Clyde Caruana, Planning minister Aaron Farrugia, Infrastructure Minister Ian Borg and construction parliamentary secretary Chris Agius joined Abela for the meeting. 

MDA president Sandro Chetcuti said that figures compiled by the association showed that the collective value of promises of sale had risen by €1.4 billion over the past year and that the construction sector had employed over 40,000 people. 

“While we must work to address environmental challenges, we must understand that development contributes 11% added value to the economy, which the government can use to help other sectors,” he said. 

He cited a study by auditing and consultancy firm KPMG, saying it had found that the prices of affordable property had not risen last year for the first time in seven years. 

 

Laber property of the month

Walk With Belair: Looking for sea views? This apartment is the one for you.

 

Only a few minutes’ walk from the fashionable Balluta seafront promenade, this stunning apartment is perfect for someone who prioritises outdoor space, as it enjoys a 45 sqm terrace over valley and sea views.

Having a terrace was previously associated with a property’s entertaining potential… and of course, it still is. However, since Covid, outdoor space has become even more significant – a safe space to catch the sun, enjoy a view, get fresh air and entertain oneself whether in company or not. And the amazing views are certainly a big bonus.

As you walk in through the front door, you are greeted with a wide entrance hall, leading to an open plan fully-fitted kitchen, sitting and dining overlooking the gorgeous terrace ideal for basking in the sun over the valley in complete privacy.

 

Belair Property

 

The fully-finished and furnished property comprises two bedrooms; the main bedroom has a shower en suite, loads of storage and a cosy reading area (which could easily be turned into a gym, nursery or study), while another main bathroom further compliments this unique property. It is served with video hall porter, and interconnecting one-car space accessible with a lift in a spacious garage.

More information about the apartment may be found here.

Bringing the Belair team closer to you than ever before – now you can speak to Belair agents face to face, from the comfort and safety of your own home with Talk with Belair.

Filming & editing: Sarah Salafia

This episode is part of a video series by Belair Property and Newsbook.com.mt called ‘Property of the Month’ and was made possible through a grant by Belair Property.

Before and after building

World Earth Day 2021

 

What is World Earth Day?

EARTHDAY.ORG’s mission is to diversify, educate and activate the environmental movement worldwide. Growing out of the first World Earth Day in 1970, EARTHDAY.ORG is the world’s largest recruiter to the environmental movement, working with more than 75,000 partners in over 192 countries to drive positive action for our planet.

Every year on April 22, Earth Day marks the anniversary of the birth of the modern environmental movement in 1970.

Let’s take a look at the last half-century of mobilization for action.

Click here and take action.

What is Malta doing to bring itself up to speed with Green initiatives?

Open on the 15th February 2021; Minister Aaron Farrugia explained that this initiative is here to having better air quality, water management and biodiversity protection. Having greener streetscapes supports mental health and encourages people to walk more.

PLANTING MORE GREEN INITIATIVES ON BUILDINGS CAN HELP TO CONSERVE BEES = THEY HELP OUR ECOSYSTEM AND PLANET ALIVE

Encouraging bees to pollinate
Honeybees visit only one type of flower in any one foraging trip, says Sarah Wyndham Lewis, author of Planting For Honeybees: The Grower’s Guide To Creating A Buzz. “This is called ‘flower fidelity’ and is what makes them such effective pollinators. So plant large clumps or ‘drifts’ of single species and optimise each of the bees’ trips.” Think swathes of catmint, field scabious and hyssop. “March to September are the key months for honeybees – they will fly whenever the temperature is above 10C, even in winter, so early- and late-flowering plants are especially valuable,” she says.

 

We also caught up with local Architect Nicky Psaila-Savona, this is what he had to say on the scheme:

The Green your Building Scheme was launched earlier this year by the Planning Authority with the intention of reducing the amount of hard landscaping; areas occupied by concrete, tiles etc in our residential areas and replacing them with permanent ‘green’ walls, facades or front gardens. 

It is relatively easy to apply, if you are in fact eligible. All you need to do is speak to an architect or a landscape designed and submit an application with a design which the PA will review.

It needs to be said that many front gardens or facades remain void of any natural greenery well after their construction, so having a scheme that helps out in financing such a set up is a good starting point. However it is in fact just that, a starting point.

Educating the public about the benefits of urban gardens and green roofs is an important part of the process and I think much more needs to be done in this regard.

There is good potential for this scheme to be extended to allow undeveloped plots of land to be given back to the community in the form of urban gardens. Looking at this holistically, the transportation issues can’t be ignored either, as so much of our land mass is taken up by roads and carparks, to the detriment of further green spaces.

“On the other hand it is important to be vigilant about ‘greenwashing’ and some may argue that there are elements of this in the scheme. Especially with the promotion of green walls, which don’t necessarily offer the same benefits to the environment as say mature trees do.”

So although green walls can look good, no amount of them can absorb the amounts of CO2 from our atmosphere, as that of which was being absorbed by the trees which we’re cutting down almost daily.

Audience Poll

If you wish to find out more about the Green Scheme and if you are applicable, kindly contact Nicky on nicky@sapienzasullivan.com

 

Iggy Zammit, Director of Belair Mellieħa had this to say about what he reckons Malta can act on imminently:

” My thoughts on how Malta can get in on helping the environment are :

1)  Step up our recycling projects. We need more on recycling batteries , old mobile phones, and broken appliances.
2)  Switch off StandBy. Enemalta estimates that €80 a year is wasted in the average home because of appliances left on StandBy . That’s a lot of electricity and money wasted .
3)  Buy Local. Supermarket produce can travel thousands of kilometers to get to us here in Malta. We need to start promoting and buying MALTESE. Local Farmers also need better incentives to help them farm the land better and more sustainable. We are what we eat. 
4). If we all picked up litter whenever we see it, imagine what a massive difference this would make to Malta and Gozo. #WaveOfChange

Contact Iggy Zammit on iggy@belair.com.mt to find out more about investing in sustainable homes in the North of Malta.

Gayle Kimberley from Green Deal Malta had this to say about implementing the European Green Deal to Malta:

” Sustainability is not just the latest buzzword. It is the only concrete solution to get us out of this mess we’ve created and give our planet Earth the respect it deserves.

We need to bring about real change to our climate and in my opinion we need to start by making the EU’s economy sustainable. To do that Europe needs a new growth strategy – a total green economic revolution – that will transform the Union into a modern, resource-efficient and competitive economy, one where:

  • there are no net emissions of greenhouse gases by 2050
  • economic growth is decoupled from resource use
  • no person and no place is left behind

We therefore need to begin from the European Green Deal and implement this in Malta. Put simply, the European Green Deal is the EU’s commitment to make Europe climate neutral by 2050. I like to think of it as a green economic revolution – a total transformation of our economy as we know it today, into a green economy. “

Click here to find out more about Green Deal Malta on their newly launched Facebook Page.

Laber property of the month

Walk With Belair: Dar eċċezzjonali fil-qalba tan – Naxxar

Parti mis-sensiela ta’ filmati Property of the Month imħejjija minn Belair Property u Newsbook.com.mt

Jekk qed tfittex proprjetà tassew speċjali, din id-dar fin-Naxxar hija perfetta għalik.

Din it-townhouse f’wieħed mill-iktar irħula mfittxija ta’ Malta, ġiet mibdula f’dar tal-familja sabiħa u prattika.

Id-dar għandha numru kbir ta’ karatteristiċi oriġinali li jinkludu gallarija tradizzjonali Maltija, twieqi stil tradizzjonali li jingħalqu, u aperturi tipiċi kkundizzjonati mill-ġdid.

Fil-proprjetà nsibu kuritur imdaqqas, salott/kamra tal-ikel kbir, salott ieħor ta’ daqs żgħir, kċina/breakfast, kamra tal-banju u ġnien ta’ 70 metru kwadru bi spazju għal pixxina. L-ewwel sular bħalissa jospita tliet kmamar tas-sodda u kamra tal-banju, iżda jista’ faċilment jakkomoda wkoll kamra tal-banju ensuite. L-aħħar sular jinkludi kamra tal-ħasil u s-saqaf tiegħu stess.

Din hija tassew dar eċċezzjonali, bil-potenzjal li tagħmel bidliet kożmetiċi biex tkompli toħroġ il-karatteristiċi sbieħ tagħha. Garaxx għall-kera huwa disponibbli wkoll.

Aktar informazzjoni dwar l-appartament tista’ ssibha hawn. Click to view this Naxxar Property.

It-tim ta’ Belair huwa eqreb lejk minn qatt qabel – issa tista’ tkellem lill-aġenti ta’ Belair wiċċ imb wiċċ, mill-kumdità u s-sigurtà tad-dar tiegħek stess permezz ta’ Talk with Belair.

Dan l-episodju huwa parti minn sensiela tal-filmati Property of the Month, imħejjija minn Belair Property u Newsbook.com.mt, u saret possibbli permezz ta’ għotja minn Belair Property.

 

More Episodes:

Building

Malta Chamber Board Of Management Elected

The President hailed their election as further strengthening of the Malta Chamber in the spirit of continuity of the Chamber’s sterling work over the last two years

Next was the establishment of the Board of Management, which is tasked with advising Council on policy matters and the administration of The Chamber.

Mr Christopher Vassallo Cesareo of Domestica Ltd. was elected Deputy President, while Ms Liz Barbaro Sant of Alberta Group and Mr Nicholas Xuereb of Toly Products Ltd. were elected Vice-Presidents.

Mr Norman Aquilina of Simonds Farsons Cisk plc, Mr Mark Bajada of Bajada New Energy Ltd. and Mr Ian Casolani of Belair Property were elected Officers on the Board of Management.

The President hailed their election as further strengthening of the Malta Chamber in the spirit of continuity of the Chamber’s sterling work over the last two years and the advancement of the Chamber’s economic vision for Malta in the recovery phase and beyond.

Source: https://www.maltachamber.org.mt/en/malta-chamber-board-of-management-elected

Laber property of the month

Walk with Belair: Super spacious St.Julians Apartment

Located a stone’s throw away from the luscious waters of Spinola Bay, this luxury fifth floor, designer-finished apartment forming part of this smart block is just the ticket if you have always wanted to live in the very heart of St Julian’s.

Within walking distance to all sorts of entertainment and amenities, whether its retail shops, supermarkets, cafes, restaurants, pubs, night clubs or enjoying the day at the beach side, this property has it all and is surrounded by hustling and bustling city life.

The property comprises a large open plan fully-equipped combined kitchen/dining area which leads onto a spacious terrace with a view of the sea… ideal for dining al fresco – perfect for those special Maltese balmy summer nights.

The super-spacious apartment also boasts a very large separate living/sitting area in the centre of the property which breaks off the corridor to the sleeping quarters.

The property – which originally had three double bedrooms – has been transformed into an extremely spacious two double bedroom (both with ensuite bathrooms) with the master suite enjoying a stunning large custom-made walk-in wardrobe.

A car space with storage cabinet is also included – a must for this locality!

More information about the apartment may be found here.

Bringing the Belair team closer to you than ever before – now you can speak to Belair agents face to face, from the comfort and safety of your own home with Talk with Belair.

 

Interview

Walk With Belair – Sliema Seafront Apartment

 

Watch: A perfect Sliema seafront home of your very own ( Filming and editing by Sara Salfia - Newsbook )

Sliema is the ideal place to be if you want to be close to all amenities… and if you love the sea. And this superbly and tastefully finished, and fully furnished 260sqm seafront apartment not only enjoys a superb layout, but also boasts of a gorgeous sea view.

When you walk into this highly-finished elevated ground floor apartment you cannot help but be impressed with the spacious combined living room and dining room, with walkout onto a large front terrace ideal for dining al fresco.

The airy apartment also comprises a separate fully equipped kitchen with island, study area, three large double bedrooms (the main enjoying ensuite facilities and a walk-in-wardrobe) and an extra living space / reading area, as well as an extremely spacious back yard of approximately 50sqm ideal for entertaining and which can easily accommodate a splash pool.

The property has been recently refurbished from top to bottom with high-end products and furnishings from top quality brands and includes, concealed, energy efficient air-conditioning throughout, two bathrooms, solid internal doors and heavy-duty apertures.

It also boasts a fully-refurbished washroom at roof level and an optional street level two-car lock up garage (at an extra cost) with 13-course high ceilings just around the corner, with potential for commercial use.

According to Director at Belair Sliema Ltd Gavin Salomone Reynaud, this super property is suitable for an elderly couple downsizing and wanting the Sliema lifestyle with walks on the promenade and all facilities found at walking distance.

Walk With Belair’s Property of the Month is made possible by our collaboration with www.newsbook.com.mt

More info about the apartment may be found here